The fact is today companies are making enough to support increased wages and that goes for small business too.
You were talking about broad generalizations earlier, right?
In the last ten years these companies received the benefit of lower wages in BC for example.
The companies have no control over gvt policy. The wages situation was what it was, certainly not something to be considered a benefit.
They didn't plan for a future where labour costs would rise.
.. And herein lies the problem. Contrary to your earlier assertion that companies are making more than enough, the reality is the fiscal health of industries in BC cover the entire spectrum from healthy to fiscally unhealthy... No one in business envisions that the gvt will mandate a 25% increase in wages.
How would a pensioner fare if the gvt mandated that the cost for utilities and food jumped by 25%? This situation isn't exactly very different.
They received 2 billion in the corporate tax reduction handed out when Campbell came to power.
... And?
Do you believe that Campbell ran around handing out cheques to small business'?.. That move was designed to stimulate the activity in the private sector which would translate into more people working.
The HST is a huge and I mean huge transfer of taxation from business to ordinary citizens. There are often municipal and Federal tax breaks too, for business and still they cry hard times.
The companies collect and remit those taxes for the various levels of gvt. They pay these taxes on their purchases made to service the local populations. The HST conversion will have the same impact on business as it does the public at large.
If they are having a hard time what about their employees who have not had raises in some sectors for almost a decade?
Here's the 411 on that for ya. Business will respond via either increasing their prices to consumers and/or by tightening their belts by downsizing... These people are risking their own capital to make a return that is greater than what the bank offers or what they can make being an employee for someone else.
Further, I love to see the stats on the # of employees that remain in a minimum wage job for 10 years... They have waaayyy bigger problems than what the mandated minimum wage is.
There is no such thing as a free market concept and almost everyone knows it.
Grow up already.. Petros already provided an excellent example of how the free market provides a better wage for employees in a jurisdiction that represents a much lower cost of living (ie Mc's paying $12/hr in Sask). They didn't need the gvt to mandate the move, the market forced their hand.
Take a look around, there are social programs for all including business people, there are huge
tax breaks to stimulate and encourage businesses and they are ongoing and have been for over half a century.
.. And the gvt hammers those businesses via corp taxes and later when the business owner pays themselves via personal income taxes. The private sector is what makes any economy work.
to see pure free enterprise dictated solely by the market place, we had that up until 2008 and
the greedy corporate bast****s misused their advantage and we are paying for that to this day.
Spare me the rhetoric.... Those "greedy corporate bast****s" serviced the demands of the "greedy private individuals" that wanted to buy a house that was far beyond their means, a sports car, 52" flat screen, big vacation and all of the other trappings that they voluntarily purchased on credit.
The meltdown in 2008 needed more than just "greedy corporate bast***s", there was the other side equation too.